AquaLith to Bring Novel Lithium Batteries to Market
AquaLith Advanced Materials is working to bring new lithium battery technology to market. These batteries were developed at the University of Maryland for everyday life technology such as phones, drones, and cars.
These lithium batteries offer a more sustainable approach to powering the eco-conscious devices and vehicles currently showing promise for wide use. They are built to withstand negative-50 degree temperatures. This feat was achieved using novel battery chemistries with water electrolytes. This novel design also offers a less flammable and more environmentally friendly approach.
As the electric vehicle industry continues to grow, experts are predicting a shortage of batteries. This shortage will be in part due to limited supplies of transition metals (eg. cobalt) used in traditional batteries. AquaLith’s novel batteries will offer an opportunity to overcome this shortage, thanks to the unique compositions. They are currently working on scaling production and developing the necessary processes to meet demand. They are also looking at building a new facility in Maryland to support their R&D and manufacturing.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
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